From the Northwest Indiana Times:
It’s the dawn of a new era in state funding for education, according to a Lake Central School Corp. official.
Rob James, director of business services, told the School Board last week about recent changes made to Indiana law that will affect how public schools receive funding. The changes were made by the Indiana General Assembly in its biennial budget session that ended April 29.
The changes include when funding is distributed to the school districts, the number of times students are counted to determine funding for a school year and what goes into the school funding formula.
James said Indiana’s new biennial budget provides a 2 percent increase in funding for K-12 for fiscal year 2014 and a 1 percent increase in fiscal year 2015 for kindergarten through 12th grade statewide. That represents nearly $6.62 billion for 2014 and $6.69 billion for 2015.
However, not all that funding from the state sales tax is going to public schools. It will be divided among public, private, parochial and charter schools.
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See the full article here:
http://www.nwitimes.com/news/local/lake/dyer/lake-central-school-board-gets-snapshot-of-school-funding/article_ae56e6ad-e8a7-56f5-aeed-8a128a962caa.html
